The Real Estate Financial Planner Blueprint™
Elgin, Illinois 20% DP
Purchased Elgin, Illinois Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Elgin, Illinois Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,390. The following is a chart showing the balance of Starting with $100K, Earning 7%/year Account from the start of the Scenario to Month 1 after we've adjusted for all the income and expenses for the entire month.
To purchase the Elgin, Illinois Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $177,500 purchase price that means you need to have $35,500 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,775) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $35,500 |
Rent Ready Costs | $0 |
Closing Costs | $1,775 |
Seller Concessions | $0 |
Total Cost To Close: | $37,275 |
The monthly rent on this Property is $1,065 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
-$3,851 | -$5,354 | $2,239 | $988 | $1,419 | -$4,559 | |
-$3,527 | -$4,795 | $2,028 | $903 | $1,295 | -$4,095 | |
Totals: | -$7,377 | -$10,149 | $4,267 | $1,891 | $2,714 | -$8,654 |
Asset Allocation
How are assets allocated? Let's first look at this month.
Copy Scenario into my Real Estate Financial Planner™ Software AccountBlueprint™ Menu of Sections
- Introduction
- Accounts
- Properties
- Rules
- Significant Events
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports